CalBank
{{Short description|Commercial bank in Ghana}}
{{EngvarB|date=July 2020}}
{{Use dmy dates|date=July 2020}}
{{Infobox company
| name = CalBank
| logo = Logo png-01.png
| logo_caption =
| image = CalBank Head Office.jpg
| image_caption = CalBank's Head Office Tower located on the 23 Independence Avenue in Accra.
| type = Public
| traded_as = {{GSE|CAL}}
| foundation = {{start date and age|July 1990}}
| location = 23 Independence Avenue, North Ridge, Accra, Ghana
| key_people = Daniel Nii Kwei-Kumah Sackey
Chairman
Carl Selasi Asem
Managing Director{{cite web|publisher=Ghana Pulse | url=https://www.myjoyonline.com/calbank-plc-appoints-daniel-nii-kwei-kumah-as-new-board-chairman/ |title=CalBank PLC appoints Daniel Nii Kwei-Kumah as new board chairman |access-date=4 April 2025 | date=4 April 2025 | place=Accra}}
| num_employees =
| assets = GHS:11,688,797,000 (2024){{cite web|url=https://thevault.exchange/?get_group_doc=992/1740503170-CalBankPLC2024AnnualReport..Final...pdf|title=CalBank Annual Report For The Year Ending 31 December 2024|date=5 February 2025 |publisher=CalBank |access-date=5 February 2025 |location=Accra}}
| revenue = {{profit}}Aftertax:GHS:267,720,000 (2024)
| industry = Financial services
| products = Loans, checking, savings, investments, debit cards, mortgages
| homepage = {{url|https://www.calbank.net}}
}}
CalBank is a commercial bank in Ghana, that is licensed by the Bank of Ghana, the central bank and national banking regulator.{{cite web| url=https://www.bog.gov.gh/supervision-regulation/registered-institutions/banks/ |title=List of Registered Commercial Banks in Ghana |date=March 2020 |publisher=Bank of Ghana |place=Accra |access-date=27 March 2020}}
Location
The headquarters of CalBank and its main branch are located at 23 Independence Avenue, in North Ridge in the central business district of Greater Accra, the capital of Ghana.{{cite web| url=https://yen.com.gh/115108-cal-bank-branches-accra-contacts.html |title=Cal Bank Branches In Accra And Contacts: Cal Bank Head Office: 23 Independence Avenue, Accra, Ghana
| publisher=Yen.com.gh |date=March 2019 |author=Favour Adeaga
|access-date=27 March 2020 |place=Accra}} The geographical coordinates of the bank's headquarters are:05°33'51.0"N, 0°11'44.0"W (Latitude:5.564167; Longitude:-0.195556).{{google maps|access-date=27 March 2020 | url=https://www.google.com/maps/place/5%C2%B033'51.0%22N+0%C2%B011'44.0%22W/@5.5640448,-0.1955505,41m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d5.5641667!4d-0.1955556 |title=Location of the Headquarters of CAL Bank Ghana Limited}}
Overview
Founded in 1990, CalBank is a large financial services retail bank that serves the banking needs of large corporations, high net worth individuals, non-governmental organisations, regular customers and small and medium enterprises. As of December 2024, the bank's assets totaled GHS:11,688,797,000, with shareholders' equity of GHS:272,564,000.{{Cite web|title=CalBank Announces Its Audited Full Year Results for 2024|url=https://thevault.exchange/?get_group_doc=992/1740503170-CalBankPLC2024AnnualReport..Final...pdf|access-date=2024-05-02|website=CalBank|language=en-US}}
Ownership
The stock of CalBank is traded on the Ghana Stock Exchange under the symbol CAL. {{asof|December 2024}}, the stock ownership of the bank is reflected in the table below:
| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
|+CalBank Stock Ownership ! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership | ||
| 1 | Social Security and National Insurance Trust | 55.65 |
| 2 | Arise B.V. | 16.03 |
| 3 | Scgn/Jpmse Lux Re Robeco Afrika Fonds N.V. | 2.29 |
| 4 | Scgn/Citibank Kuwait Inv Authority | 1.88 |
| 5 | Apotica Limited Company, | 1.84 |
| 6 | Hfcn/ Glico Pensions Re: Cidan Investments Ltd | 1.66 |
| 7 | Adu Jnr, Frank Brako | 1.56 |
| 8 | Ofori, Daniel | 1.42 |
| 9 | Scgn/Enterprise Tier 2 Occupational Pension Scheme | 1.19 |
| 10 | Hfcn/ Ssnit Staff 2Nd Tier Occupational Pension Sc | 1.13 |
| 11 | Ofori, Daniel | 0.84 |
| 12 | Scgn/Citibank New York Re Allan Gray Africa, Ex - Sa Equity Fund Limited | 0.77 |
| 13 | Ges Occ Pension - Databank Financial Services | 0.66 |
| 14 | Scgn/Scb Difc Ac Fi.Br.Group Ac Double Di.Div.Fd.L | 0.63 |
| 15 | Gentrust Sankofa Master Trust Scheme, Gentrust Sankofa Master Trust Scheme | 0.38 |
| 16 | Ansah, Benjamin Fosu | 0.37 |
| 17 | Enterprise Tier 2 Occupational Pension Scheme | 0.37 |
| 18 | Scgn / Enterprise Life Ass. Co. Policy Holders/ E.L.A.C.P.H. | 0.35 |
| 19 | Hosi, Senyo Kwasi | 0.29 |
| 20 | Addison, Eugene Samuel | 0.24 |
| 21 | Others | 10.4 |
| Total | 100.00 |
Directors
CalBank is governed by a board of directors, of whom two are executive directors and three are non-executive. The chairman of the board is Daniel Nii Kwei-Kumah Sackey, one of the non-executive directors.{{cite web|url=https://calbank.net/about-us/board-of-directors/ |title=CalBank Board of Directors |publisher=CalBank PLC | date=April 2025 |access-date=4 April 2025 |place=Accra}}{{Cite web|date=2 July 2020 |url=https://www.myjoyonline.com/calbank-plc-appoints-daniel-nii-kwei-kumah-as-new-board-chairman/ |title=CalBank PLC appoints Daniel Nii Kwei-Kumah as new board chairman |publisher=Joy Business |access-date=4 April 2025 | format=Quoting Joy Business}}
| class="wikitable"
|+Board Of Directors |Name !Position |
| Daniel Nii Kwei-Kumah Sackey
|Chairman |
| Carl Selasi Asem
|Managing Director |
| Johnson Delali Oware
|Deputy Managing Director |
| Kwadwo Brantuo Mpeani
|Non-Executive Director |
| Yvonne Ofosu-Appiah
|Non-Executive Director |
| Gerrit Muller
|Non-Executive Director |
Executive management
Carl Selasi Asem is the managing director of CalBank. He is an associate member of the Ghana Institute of Engineers. Prior to becoming the acting managing director at CalBank, he was the deputy managing director at the bank. Before joining CalBank, Asem served as the managing director at Ecobank Gambia bringing over 17 years of expertise in marketing, sales, and business development. During his tenure, Ecobank Gambia achieved significant industry milestones and won multiple awards. Asem holds a Bachelor of Science in Chemical Engineering and has pursued executive education at Columbia Business School and the Harvard Kennedy School.{{cite web|publisher=CAL Bank Limited |url=https://calbankinvestor.net/about-us/leadership/ |title=The Board of CalBank PLC: Carl Asem, Managing Director |date=February 2024 |place=Accra |access-date=13 February 2024}}
CalBank PLC has appointed Johnson Oware as its deputy managing director, effective January 20, 2025. Oware, with over 20 years of experience in banking, will oversee the bank's corporate, commercial, and retail operations. He previously served as Head of Corporate Banking at Ecobank Ghana. Oware holds a BSc in Administration, an MBA in Finance, and a Diploma in Public-Private Partnership. CalBank’s Board Chairman expressed confidence in his ability to support the bank's growth and strategic goals.{{Cite web |date=2025-01-17 |title=CalBank appoints Johnson Oware as Deputy MD |url=https://www.myjoyonline.com/calbank-appoints-johnson-oware-as-deputy-md/ |access-date=2025-01-19 |website=www.myjoyonline.com |language=en-US}}
See also
{{Portal|Banks}}
References
{{Reflist}}
External links
- [https://calbank.net/ CAL Bank Homepage]
{{Authority control}}
{{Economy of Ghana}}
{{coord|05|33|51|N|00|11|44|W|display=title}}
{{DEFAULTSORT:CalBank}}
Category:Companies based in Accra